Fairway Reverse Mortgage Blog
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Browse our latest articles and learn how a reverse mortgage works, who they're a good fit for, and much more. Fairway Independent Mortgage Corporation was founded in 1996 by Steve Jacobson. Fairway is dedicated to the highest level of service, demonstrated through consistent, informative communication with clients and their real estate partners.
Fairway Reverse Mortgage Blog
1w ago
Although reverse mortgage insurance premiums (MIPs) increase loan costs, they deliver significant value. Unlike mortgage insurance required for forward Federal Housing Administration (FHA) loans, which primarily protects lenders and assists ..read more
Fairway Reverse Mortgage Blog
1w ago
High mortgage rates, limited inventory and dwindling affordability push many homebuyers to the sidelines. If you're 62 or older and feel your dream home is out of reach, consider a ..read more
Fairway Reverse Mortgage Blog
4M ago
Traditional home loans that enable borrowers to tap into their home equity are typically inflexible in how they provide funds to borrowers. In contrast, reverse mortgage loans offer various payout ..read more
Fairway Reverse Mortgage Blog
4M ago
Hear from ten real Fairway clients who benefited from a reverse mortgage loan ..read more
Fairway Reverse Mortgage Blog
5M ago
Find out what a reverse mortgage loan is and the most common uses, from home improvements to financing long-term care ..read more
Fairway Reverse Mortgage Blog
5M ago
Find out what a HECM for Purchase (H4P) loan is and how older adults can use it to buy their next home ..read more
Fairway Reverse Mortgage Blog
6M ago
Whether it’s surging living costs, healthcare expenses or insurance premiums, adult children are anxious about their parents’ economic stability, with nearly one-third expressing concern for their parents’ financial situation. Adult ..read more
Fairway Reverse Mortgage Blog
7M ago
Discover the updated HECM loan limits for 2024. This featured image captures the essence of the new financial thresholds set for Home Equity Conversion Mortgages, reflecting significant changes beneficial for homeowners. Dive into our detailed analysis to understand how these revised limits could impact your mortgage planning ..read more
Fairway Reverse Mortgage Blog
7M ago
Explore the journey of securing a reverse mortgage with our guide, detailing the 10 essential steps from initial education to the final closing. This article provides a clear roadmap for homeowners over 62, helping you confidently leverage your home equity for a comfortable retirement ..read more
Fairway Reverse Mortgage Blog
9M ago
For homeowners 62 and older, the Home Equity Conversion Mortgage (HECM) could help consolidate debt while increasing monthly cash flow ..read more